Production would take place at a point inside the production possibility frontier
The Production possibilities curve is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Points inside the production possibilities curve means that the nations resources are not being fully utilised
When the unemployment rate increases, it means that labour resources are not been fully utilized. As a result, production would take place at point inside the production possibilities curve
Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources
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Answer:
(8,-9)
Step-by-step explanation:
using the principle of vectors, you match each number to their coordinates and add them
so we have (7+1,-12+3)
which is equal to (8,-9)
Let event A = Caroline buys fruit, event B = Caroline buys CD, Ac and Bc are complementary events.
Events AB, ABc, AcB and AcBc are jointly exhaustive and disjoint, hence P(AB) + P(ABc) + P(AcB) +P(AcBc) =1.
Events A and B independent, hence Ac and Bc independent too and probability P(AcBc) = P(Ac)*P(Bc) = (1 - P(A))(1-P(B)) = 0.6*0.4 = 0.24.
Required probability P(AB + ABc + AcB ) = P(AB) + P(ABc) + P(AcB) = 1- P(AcBc) = 1 - 0.24 = 0.76.
Answer: Probability that Caroline buys fruit, a CD or both is 0.76.
Answer: 2 >
Step-by-step explanation:
